21 May Why More Families Are Choosing Multi-Generational Homes
Posted at 01:11h
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A multi-generational home is one where multiple generations of a family — such as grandparents, parents, and children — live under the same roof. It could mean shared living spaces, or separate units within the same property, such as a basement suite or in-law apartment.
Why Multi-Generational Living Is on the Rise in Canada
1. Housing Affordability Challenges
With rising real estate prices in cities like Toronto, Vancouver, and even smaller urban centres, many families are pooling financial resources to buy a single property together. This makes ownership more achievable for younger buyers and eases financial strain on older adults.